Wedbush rates GM as outperform, says stock will trade like a tech company and jump more than 50%

CNBC2021-07-09

General Motors’ push into electric vehicles and software will make Wall Street view it more as a tech company, and that will create a windfall for investors, according to investment firm Wedbush. ...

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PeterPuah1
2021-07-09
PeterPuah1
Good
PeterPuah1
2021-07-09
PeterPuah1
Good
Onglai168
2021-07-09
Onglai168
Good
123LJJ321
2021-07-09
123LJJ321
:)

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The stock has lost steam in the last three months, however.\nWedbush analyst Dan Ives said in a note to clients on Thursday evening that the stock still had significant upside and initiated coverage of GM with an outperform rating.\n“We believe as GM proves out its EV vision over the coming years the stock will be re-rated more as a disruptive technology and EV play, rather than its traditional auto valuation,” the note said, adding that the company’s battery program will allow it to take market share from pure-play electric vehicle companies.\nWedbush set a price target of $85 per share for GM, which is roughly 52% above where the stock closed on Thursday.\nOn a slightly longer time horizon, Wedbush sees the stock rising even higher.\n“With the software and services business complementing the advancing battery technology, we believe GM is in a great position to double its market cap in a [sum of the parts] valuation by the end of 2022,” the note said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":141339604,"gmtCreate":1625838124508,"gmtModify":1703749561935,"author":{"id":"3581997712122613","authorId":"3581997712122613","name":"PeterPuah1","avatar":"https://static.tigerbbs.com/6485f820255455f8ea6dc07c9e457062","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581997712122613","idStr":"3581997712122613"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/141339604","repostId":1145833789,"repostType":4,"repost":{"id":"1145833789","kind":"news","pubTimestamp":1625830985,"share":"https://ttm.financial/m/news/1145833789?lang=&edition=fundamental","pubTime":"2021-07-09 19:43","market":"us","language":"en","title":"Wedbush rates GM as outperform, says stock will trade like a tech company and jump more than 50%","url":"https://stock-news.laohu8.com/highlight/detail?id=1145833789","media":"CNBC","summary":"General Motors’ push into electric vehicles and software will make Wall Street view it more as a tec","content":"<div>\n<p>General Motors’ push into electric vehicles and software will make Wall Street view it more as a tech company, and that will create a windfall for investors, according to investment firm Wedbush.\n...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/09/general-motors-gm-stock-wedbush-outperform.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWedbush rates GM as outperform, says stock will trade like a tech company and jump more than 50%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-09 19:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/09/general-motors-gm-stock-wedbush-outperform.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>General Motors’ push into electric vehicles and software will make Wall Street view it more as a tech company, and that will create a windfall for investors, according to investment firm Wedbush.\n...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/09/general-motors-gm-stock-wedbush-outperform.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车"},"source_url":"https://www.cnbc.com/2021/07/09/general-motors-gm-stock-wedbush-outperform.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1145833789","content_text":"General Motors’ push into electric vehicles and software will make Wall Street view it more as a tech company, and that will create a windfall for investors, according to investment firm Wedbush.\nShares of the legacy automaker have jumped more than 34% this year, fueled by a rollout of new plans to shift the company quickly to electric vehicles. The stock has lost steam in the last three months, however.\nWedbush analyst Dan Ives said in a note to clients on Thursday evening that the stock still had significant upside and initiated coverage of GM with an outperform rating.\n“We believe as GM proves out its EV vision over the coming years the stock will be re-rated more as a disruptive technology and EV play, rather than its traditional auto valuation,” the note said, adding that the company’s battery program will allow it to take market share from pure-play electric vehicle companies.\nWedbush set a price target of $85 per share for GM, which is roughly 52% above where the stock closed on Thursday.\nOn a slightly longer time horizon, Wedbush sees the stock rising even higher.\n“With the software and services business complementing the advancing battery technology, we believe GM is in a great position to double its market cap in a [sum of the parts] valuation by the end of 2022,” the note said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":141968312,"gmtCreate":1625833999436,"gmtModify":1703749467759,"author":{"id":"3582367430757349","authorId":"3582367430757349","name":"Onglai168","avatar":"https://static.tigerbbs.com/f2bf4d57b14e5b023ca0c6c0471d6ae1","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3582367430757349","idStr":"3582367430757349"},"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/141968312","repostId":1145833789,"repostType":4,"repost":{"id":"1145833789","kind":"news","pubTimestamp":1625830985,"share":"https://ttm.financial/m/news/1145833789?lang=&edition=fundamental","pubTime":"2021-07-09 19:43","market":"us","language":"en","title":"Wedbush rates GM as outperform, says stock will trade like a tech company and jump more than 50%","url":"https://stock-news.laohu8.com/highlight/detail?id=1145833789","media":"CNBC","summary":"General Motors’ push into electric vehicles and software will make Wall Street view it more as a tec","content":"<div>\n<p>General Motors’ push into electric vehicles and software will make Wall Street view it more as a tech company, and that will create a windfall for investors, according to investment firm Wedbush.\n...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/09/general-motors-gm-stock-wedbush-outperform.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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The stock has lost steam in the last three months, however.\nWedbush analyst Dan Ives said in a note to clients on Thursday evening that the stock still had significant upside and initiated coverage of GM with an outperform rating.\n“We believe as GM proves out its EV vision over the coming years the stock will be re-rated more as a disruptive technology and EV play, rather than its traditional auto valuation,” the note said, adding that the company’s battery program will allow it to take market share from pure-play electric vehicle companies.\nWedbush set a price target of $85 per share for GM, which is roughly 52% above where the stock closed on Thursday.\nOn a slightly longer time horizon, Wedbush sees the stock rising even higher.\n“With the software and services business complementing the advancing battery technology, we believe GM is in a great position to double its market cap in a [sum of the parts] valuation by the end of 2022,” the note said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":141910518,"gmtCreate":1625832313434,"gmtModify":1703749433876,"author":{"id":"4088933199408880","authorId":"4088933199408880","name":"123LJJ321","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4088933199408880","idStr":"4088933199408880"},"htmlText":":)&nbsp;","listText":":)&nbsp;","text":":)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/141910518","repostId":1145833789,"repostType":4,"repost":{"id":"1145833789","kind":"news","pubTimestamp":1625830985,"share":"https://ttm.financial/m/news/1145833789?lang=&edition=fundamental","pubTime":"2021-07-09 19:43","market":"us","language":"en","title":"Wedbush rates GM as outperform, says stock will trade like a tech company and jump more than 50%","url":"https://stock-news.laohu8.com/highlight/detail?id=1145833789","media":"CNBC","summary":"General Motors’ push into electric vehicles and software will make Wall Street view it more as a tec","content":"<div>\n<p>General Motors’ push into electric vehicles and software will make Wall Street view it more as a tech company, and that will create a windfall for investors, according to investment firm Wedbush.\n...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/09/general-motors-gm-stock-wedbush-outperform.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWedbush rates GM as outperform, says stock will trade like a tech company and jump more than 50%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-09 19:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/09/general-motors-gm-stock-wedbush-outperform.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>General Motors’ push into electric vehicles and software will make Wall Street view it more as a tech company, and that will create a windfall for investors, according to investment firm Wedbush.\n...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/09/general-motors-gm-stock-wedbush-outperform.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车"},"source_url":"https://www.cnbc.com/2021/07/09/general-motors-gm-stock-wedbush-outperform.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1145833789","content_text":"General Motors’ push into electric vehicles and software will make Wall Street view it more as a tech company, and that will create a windfall for investors, according to investment firm Wedbush.\nShares of the legacy automaker have jumped more than 34% this year, fueled by a rollout of new plans to shift the company quickly to electric vehicles. The stock has lost steam in the last three months, however.\nWedbush analyst Dan Ives said in a note to clients on Thursday evening that the stock still had significant upside and initiated coverage of GM with an outperform rating.\n“We believe as GM proves out its EV vision over the coming years the stock will be re-rated more as a disruptive technology and EV play, rather than its traditional auto valuation,” the note said, adding that the company’s battery program will allow it to take market share from pure-play electric vehicle companies.\nWedbush set a price target of $85 per share for GM, which is roughly 52% above where the stock closed on Thursday.\nOn a slightly longer time horizon, Wedbush sees the stock rising even higher.\n“With the software and services business complementing the advancing battery technology, we believe GM is in a great position to double its market cap in a [sum of the parts] valuation by the end of 2022,” the note said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":27,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1145833789"}